Published on 28th June 2017
Ambition partners with CoVentured - a new platform to promote collaboration between start-ups and Australia's biggest businesses.
Ambition is pleased to be partnering with CoVentured, a new platform created by Slingshot to connect corporate Australia with the growing community of start-ups and scale-ups.
Using strong search and filter functionalities, CoVentured will help corporates actively identify, track, and engage with start-ups. The goal is foster new engagements and break down barriers to collaboration. It is expected that there will be pilots and proof of concepts to minority investments, co-creation and vendor relationships.
CoVentured is launching with the support of leading Australian and global businesses including:
University of Newcastle
In the latest Global Competitive Report, Australia had dropped to 26th in the world for innovation. The recent OECD Economic Survey also stated that despite benefiting from a high level of innovation ‘input’ such as a well-developed research system, a strong skill base and a supportive institutional framework, Australia was lacking in innovative ‘outputs’.
The Co-Founder/CEO of Ambition, Nick Waterworth, says "We're already heavily involved in the start-up ecosystem here in Australia and in Asia - this engages us at a whole new level. We've had a number of new initiatives over the last two years - this is one of the most exciting."
Slingshot CEO Karen Lawson says "Improving the way corporates and start-ups connect is crucial to lifting Australia's innovation performance, and ultimately, generating economic growth and job creation.
CoVentured is a way for both market forces (corporates and start-ups) to harness innovation. Working with start-ups is the best way to find, test and develop potentially market-changing technologies and solutions, and drive disruption, not just survive it. Both sides win,” added Lawson.
It is free for start-ups and scale-ups to join CoVentured and businesses can register at www.coventured.com.